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Replies to #2011 on RENKO CHARTS

renkoron

09/19/08 10:24 PM

#2012 RE: leftyg #2011

LEFTYG,Welcome back,


Good to have you back, we thought you were mad at us. I am with you, I had to go out yesterday afternoon and tightened up stops but did not get back in time to go long. With the $vix and $nyhl where they were it had to bounce.

My EEV was up 8% last week and finished up 1%. This week it was up 28% early. I got stopped out but now it is down 14%. What a ride!!
The weekly, like you said was positive till late in the week. I think a 3 brick stop is maybe the answer for these times.
When the ETF is oversold or overbought I think you got to go to a shorter time period.

Am trying to write a WRITTEN trading plan and do not how to handle it. What do you think? I am using approximate 2% brick size on weekly and shift to daily. The 30 minute charts with ATR seem pretty good checking back at trend turning points. Let me know what you think. Thanks